SHE:002931 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	169.19	284.98	162.99	144.15	168.41	134.86
Trading Asset Securities	80	20	107.05	133.24	129.39	238
Cash & Short-Term Investments	249.19	304.98	270.04	277.4	297.8	372.86
Cash Growth	-12.14%	12.94%	-2.65%	-6.85%	-20.13%	38.37%
Accounts Receivable	161.84	171.98	174.23	151.6	147.77	197.88
Other Receivables	3.44	3.68	5.38	1.78	1.29	4.38
Receivables	165.28	175.67	179.61	153.39	149.06	202.26
Inventory	143.58	142.92	135.29	133.74	174.11	220.29
Other Current Assets	11.09	10.21	7.48	6.24	7.44	16.31
Total Current Assets	569.14	633.77	592.42	570.77	628.41	811.72
Property, Plant & Equipment	430.19	436.72	462.87	469.38	407.95	313.49
Long-Term Investments	-	-	-	-	20.56	18.53
Goodwill	8.51	8.55	8.71	9.03	9.21	9.38
Other Intangible Assets	58.71	58.43	61.35	64.33	67.54	70.7
Long-Term Deferred Tax Assets	9	8.95	5.98	4.75	7.4	4.96
Long-Term Deferred Charges	1.27	1.05	0.44	1.01	1.66	2.39
Other Long-Term Assets	0.74	1.8	1.34	2.27	7.59	28.98
Total Assets	1,078	1,149	1,133	1,122	1,150	1,260
Accounts Payable	90.93	121.09	131.3	118.57	98.95	159.27
Accrued Expenses	7.24	15.86	15.21	16.52	16.53	16.63
Short-Term Debt	12	48.01	45	42.03	89.04	126.81
Current Portion of Long-Term Debt	-	-	3.11	2.08	1.71	7.35
Current Income Taxes Payable	4.95	5.03	1.27	3.15	2.65	3.83
Current Unearned Revenue	2.81	1.68	0.84	0.37	0.61	0.51
Other Current Liabilities	0.32	1.06	6.98	13.51	26.29	27.66
Total Current Liabilities	118.24	192.73	203.72	196.23	235.78	342.07
Long-Term Debt	-	-	158.26	150.28	199.57	242.36
Long-Term Unearned Revenue	3.51	3.77	4.54	4.4	3.33	3.98
Long-Term Deferred Tax Liabilities	1.41	1.49	1.8	2.43	4.36	4.07
Total Liabilities	123.15	197.99	368.31	353.34	443.04	592.48
Common Stock	218.51	218.51	204.79	204.77	199.17	199.14
Additional Paid-In Capital	407.65	407.65	208.65	202.56	130.6	119.75
Retained Earnings	328.54	325.22	313.46	329.35	336.39	307.71
Treasury Stock	-	-	-6.28	-12.55	-20.92	-20.92
Comprehensive Income & Other	-0.28	-0.1	44.18	44.07	62.04	61.99
Total Common Equity	954.41	951.27	764.8	768.2	707.27	667.67
Shareholders' Equity	954.41	951.27	764.8	768.2	707.27	667.67
Total Liabilities & Equity	1,078	1,149	1,133	1,122	1,150	1,260
Total Debt	12	48.01	206.37	194.39	290.32	376.52
Net Cash (Debt)	237.19	256.97	63.66	83.01	7.48	-3.66
Net Cash Growth	6.55%	303.63%	-23.30%	1009.75%	-	-
Net Cash Per Share	1.09	1.13	0.28	0.47	0.04	-0.02
Filing Date Shares Outstanding	218.51	218.51	203.84	202.86	195.99	195.96
Total Common Shares Outstanding	218.51	218.51	203.84	202.86	195.99	195.96
Working Capital	450.9	441.04	388.7	374.54	392.63	469.65
Book Value Per Share	4.37	4.35	3.75	3.79	3.61	3.41
Tangible Book Value	887.19	884.3	694.74	694.83	630.52	587.58
Tangible Book Value Per Share	4.06	4.05	3.41	3.43	3.22	3.00
Buildings	-	376.13	241.46	245.47	104.31	104.31
Machinery	-	308.3	285.34	267.85	251.92	233.06
Construction In Progress	-	6.04	160.29	151.58	222.95	122.29

Source: S&P Global Market Intelligence. Standard template. Financial Sources.